Endogenous discounting, wariness, and efficient capital taxation

DOI10.1016/J.JET.2019.07.004MaRDI QIDQ2324813zbMATH OpenOpenAlexFDO

Authors Juan Pablo Gama, Rodrigo Novinski, Aloisio Araujo, Mário R. Páscoa

Publication date 12 September 2019

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL http://epubs.surrey.ac.uk/852316/1/Endogenous%20discounting%20-%20AAM.pdf

zbMATH Keywords

general equilibriumtransversality conditionendogenous discountingmonetary equilibriumpure chargesefficient taxation

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) General equilibrium theory (91B50)

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Cites work

• scientific article; zbMATH DE number 3137662 (Why is no real title available?)
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• Lack of Pareto Optimal Allocations in Economies with Infinitely Many Commodities: The Need for Impatience
• Maxmin expected utility with non-unique prior
• Myopic Economic Agents
• Myopic topologies on general commodity spaces
• Robustness
• Stationary Ordinal Utility and Impatience
• Subjective Probability and Expected Utility without Additivity
• Uncertainty Aversion, Risk Aversion, and the Optimal Choice of Portfolio

Cited in

(7)

• TAXING CAPITAL INCOME AS PIGOUVIAN CORRECTION: THE ROLE OF DISCOUNTING THE FUTURE
• Crashing of efficient stochastic bubbles
• Income taxation, wealth effects, and uncertainty: portfolio adjustments with isoelastic utility and discrete probability
• The marginal welfare cost of capital taxation: discounting matters
• Anticipation, learning and welfare: the case of distortionary taxation
• Effects of wariness on economic growth in overlapping generations models
• Quasi-hyperbolic discounting, paternalism and optimal mixed taxation

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